(AP/Evan Vucci)

White House delays key component of healthcare overhaul

Administration officials will grant medium and large companies another year to comply with coverage requirements


Associated Press
July 3, 2013 2:33AM (UTC)

WASHINGTON (AP) — The Obama administration says it's delaying a major part of the president's health care overhaul law, the requirement that medium and large companies offer coverage.

In an announcement late Tuesday from the Treasury Department, the administration said it has heard requests from business groups for additional time to comply and will grant another year.

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The health law requires companies with 50 or more workers to offer affordable coverage to their employees or face potentially large fines if just one worker ends up getting taxpayer-subsidized insurance.

Obama Promotes Health Care Exchanges At White House


Associated Press

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